BanColombia Technical Analysis (NYSE:CIB)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the BanColombia stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the CIB stock chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for BanColombia. Technical analysis uses an approach for BanColombia stock analysis that does not care for the fair value of a company but uses price and volume data only.
BanColombia Moving Average
Moving averages show the average price of CIB stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $46.64 is below the last closing price of $49.11 and the 50 day moving average of $44.81 is below the last closing price of $49.11. The 10 and 20 day periods can predict short term moving average trends.
BanColombia Bollinger Bands
Bollinger bands comprise of a center line usually CIB SMA, and two CIB stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. BanColombia bollinger bands show that the stock price is $49.11, upper band is 53.23, lower band is 40.05, and the average is 46.64.
BanColombia Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The BanColombia MACD indicator can be used to identify bullish and bearish trends for the stock.
BanColombia Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of CIB stock is 76.74.